AI is starting to 'create some unemployment': Economist

The US added 227,000 nonfarm payroll jobs to the labor market in November, while the unemployment rate ticked back up to 4.2% and average hourly earnings rose 0.4% month-over-month.

"We have a really remarkably calm labor market right now... If you take a look at the pace of firings yesterday, you take a look at this hiring remarkable stability here — that's what I really see in this report," RSM chief economist Joe Brusuelas tells the Morning Brief's Seana Smith and Madison Mills. "It's an American labor market that's just moving along at full employment."

Brusuelas looks at President-elect Donald Trump's proposed tariffs and other economic policies as a risk to the US labor market's consistency in 2025.
As more workers are staying unemployed for longer between jobs, Brusuelas identifies Big Tech as a major instigator of this dilemma:

"The 800-pound gorilla in the room is technology beginning to create some unemployment? What economists would kindly call 'technological unemployment.' It's [why] everybody worries about artificial intelligence."
For more commentary on the November jobs report, catch Yahoo Finance's interview with Interactive Brokers chief strategist Steve Sosnick and Citi senior global economist Robert Sockin from earlier today.

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[Jimwenten]

Employees are using AI to eliminate work. This gives employees more time to study AI and eliminate more work.

[damham]

Those who will profit from tech will say no. Those who will lose jobs to tech will say yes.

[KirkBuchanan]

These economist are always so late the the party. This has been happening.

[dadasese]

We don't need your gut opinion about unemoloyment rates? Ai knows already how dramatic is job hunting.. .

[josecastillo-neue]

I like how they use AI as a way to bs people. Not one example of what is being replaced

[speedymccreedy]

Yes all those digital assistants that evolved from the Microsoft paperclip are now out of work, and of course there are less meme creators now that AI can do it in half the time.

[TubaMurat-hguv]

If those guys from the Alemio manage to fulfill what they said in the whitepaper, it's a no-brainer that it will be a 100x minimum.

[RICKYGroff]

Buying Alemio during the presale might just be my best move yet! 🔥 I’ve got a feeling this one’s hitting $5 soon after launch.

[lordjavatherd]

He starts talking about AI at 3:05 . The LAST 32 seconds are where the title of the video is talked about. I mean he was interesting but that was hardly the topic of his 3 minute dialogue, excluding the AI part.

[fuzzyboomboom]

AI bots can write and respond to all of these comments.

[mr.]

SKYNET wants your job...ALL your jobs 🤖...or is it SKYLINK🤔lol

[JannieDunham]

As the bull run continues its course, keep an eye on Alemio; it could very well be the next big thing in the crypto space.

[languso]

More like lazy people are loosing jobs, around me if you have a pulse you are hired!